Why Are Diamonds So Valuable?

Why Are Diamonds So Valuable?

I’ve been making custom designed engagement rings and hand made wedding bands for couples from all over Sydney for years. But one thing that has struck me over this time has been that many people still ask me when we meet at my workshop: “why are diamonds so valuable?”

There is no one simple answer, but instead there are many factors that mean that your diamonds are desirable and unique, and why they hold their value over decades.

-Desire

Whether it is a rare book, a fine bottle of scotch, or a diamond, something that is rare and unique is often expensive. But what makes it truly valuable is that this rarity coincides with the desire of many to possess it.

Diamonds are sought after the world over by couples as a representation of their love, to sit within their engagement rings and wedding bands.

-Geology

Diamonds are rare because of the incredibly powerful forces needed to create them. Carbon is one of the most common elements on the Earth, and it is also the base element of every diamond. But what converts simple and common carbon into these brilliant stones is millions of cubic meters of pressure converging on one point.

This process takes place in the depths of the Earth’s crust at temperatures and pressures that nothing man-made could withstand.

-Rarity

Next time you see a four-wheel drive on the streets of Sydney, understand that these vehicles weigh roughly two tonnes. Now, with that in mind, consider that there have only been about 350 tonnes of diamonds ever mined.

This comparison often puts into perspective just how rare and precious these stones are.

If you’d like to know more about how I can help you design a custom made engagement ring or unique wedding band, I encourage you to make an appointment so we can meet in person. When we meet I will explain how I take these unique, rare and valuable stones and use them to create you and your partner custom rings to celebrate your commitment to each other.

Book an appointment with Michael Arthur to discuss further. https://www.michaelarthur.com.au/contact-us/